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Creditary Economics

In: The Evolution of Creditary Structures and Controls

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  • Geoffrey W. Gardiner

Abstract

THE PURPOSE of this book has been to switch attention from the deposits side of the banking balance sheet, to the assets side, the loans. The old monetarist approach rests on the assumption that the only money likely to be spent is that which already exists as deposits, whereas the potential to create hitherto unused spending power is ignored. As the latter advances at a rate of six to seven per cent per year, it is clearly of vital importance.

Suggested Citation

  • Geoffrey W. Gardiner, 2006. "Creditary Economics," Palgrave Macmillan Books, in: The Evolution of Creditary Structures and Controls, chapter 15, pages 220-234, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28844-7_15
    DOI: 10.1057/9780230288447_15
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